Fed's Kashkari: An open question how high rates need to go

Follow us on Google News:

Nov 17 (Reuters) - Minneapolis Federal Reserve Bank President Neel Kashkari on Thursday said that with inflation still high but a lot of monetary policy tightening already in the pipeline, it's unclear how high the U.S. central bank will need to raise its policy rate. It is the Fed's job to bring inflation down by restraining demand through higher borrowing costs, he told the Minnesota Chamber of Commerce in an event webcast by the regional Fed bank.

"It's an open question of how far we are going to have to go with interest rates to bring that demand down in the balance," he said. (Reporting by Ann Saphir; Editing by Mark Porter)


The above content is directly sourced from Reuters under a contractual arrangement. The content is being provided as a convenience and for informational purposes only; and does not constitute an endorsement or approval by Kalkine Media of any of the products, services, or opinions of the organization or individual. The user is apprised that Kalkine Media bears no responsibility for the accuracy, legality, or content of Reuters, any external sites, or for that of subsequent links. The user is requested to contact Reuters directly for answers to questions regarding the content. Please note that Kalkine Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

Featured Articles